We've talked before about what services Provident offers for Real Estate Agents, but what about for investors? For the purposes of this article, I'll define an investor as someone looking to buy houses purely to use for rental income. These people may already own one or several homes, or just be starting out and are ready to purchase their first rental property.
While Alann is a licensed real estate agent, as required by MO law in order to manage properties owned by someone else, selling real estate is not his business. He does not list properties for sale or pursue clients looking to buy properties for owner-occupant reasons. However, if an investor is looking or a one-stop shop and wanting someone to find their rental properties, represent them as a real estate agent during the purchasing process, and then manage those properties, he is open for business.
So let's break it down. Let's say you have some money saved and want to invest in real estate. You know what a great job Provident Management does with managing rental properties and contact Alann. First, Alann will help you define your expectations for the rental property- location, budget, projected return on investment, etc. Then he will search for available properties that meet those criteria. He will then take you to visit those properties and discuss any possible repairs that may need to be done. When you pick a house you like, he will manage the paperwork required to purchase the house, acting as your real estate agent and thus collecting a commission off the sale. After the house is purchased, he will coordinate any necessary repairs to make the house ready for a tenant. When the house is ready, he will list it and find an acceptable tenant, using all of his screening parameters including credit check. Once the house is rented, he will collect rent, deal with any issues with the tenant, address maintenance issues, and cut you a check at the end of the month for your profit off the rental income. Investing in real estate is sometimes overwhelming and difficult to understand. Alann can help you understand the process and help you view properties with the experienced eyes of someone who understands rentals.
Of course, if you are an investor or troubled homeowner who just wants an awesome property manager, Provident is always ready to manage your properties. So no matter your situation, contact us today for more information about how we can help you earn more money.
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